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Bristol becomes Britain's biggest boomer in property

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Bristol is leading the way among British cities when it comes to interest from prospective home buyers. A new survey shows that on average, the hilly city sees over 10,000 more online property searches a month than any other in the UK.

According to email4property.co.uk, an internet network of local estate agent portals, Bristol's appeal as a property hotspot has surged over the last half-year.

Bristol University had some 17,000 students enrolled in the last academic year, making the south-western city an ideal buy-to-let property hotspot.

But it is not only prospective landlords who are considering Bristol's thriving housing market, as the email4property.co.uk survey suggests young professionals are hoping to get onto the property market in the city.

While many choose to stay on in Bristol following completion of their university degrees, many are starting off their careers there. Situated 115 miles from London, Bristol boasts good transport links not only to the capital but also to other parts of the country.

Bristol International Airport also offers various flight options, with 2006 witnessing 9.4 per cent growth in passenger numbers on scheduled international flights. The airport is set for more expansion and hopes to create nearly 5,000 more jobs in the region by 2030 as part of its Master Plan.

This is likely to boost the "thriving" local economy even more and attract savvy homebuyers.

The email4property.co.uk report suggests that the expansion of the airport and the influx of young professionals are having a positive impact on demand for city centre apartments. But savvy investors could still take advantage of the popularity of this type of property, said the online network, as prices remain affordable.

Elsewhere in the city, demand for property remains high, with terraced homes the most popular. According to the report, this type of property is the most popular among homebuyers.

The popularity of terraced property was reflected by Land Registry figures published earlier this year, which showed that it has seen the largest year-on-year growth in price while remaining the cheapest type of property available.

And while the Land Registry puts the average terraced property price at £140,046, those selling on such homes in Bristol last year were able to ask almost £177,000 for them, email4property.co.uk said.

The network's managing director David Bexon said prices of property in Bristol remain competitive despite "a dynamic local economy and a thriving housing market".

"This has kept property attainable for a broad range of buyers and continues to attract the attention of potential investors, who are also looking further afield as prices continue to drive buyers out of the London," he added.

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